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TheStreet Open House

Nantero Secures More Than $10mm In Funding

Greg Schmergel, co-founder and CEO of Nantero, Inc., added, "This round will help us support our partners that are bringing NRAM into production in the near term. We are excited to be working with multiple forward-looking industry leaders that see the value NRAM can bring."

About NanteroNantero is a nanotechnology company using carbon nanotubes for the development of next-generation semiconductor products. Nantero's main focus is the commercial introduction of NRAM™ –a high-density nonvolatile random access storage device. NRAM™ will ultimately replace all existing forms of storage, such as DRAM, SRAM and flash memory, with a high-density nonvolatile RAM – 'universal memory.' The applications for the nonvolatile RAM Nantero is developing add up to over $100B in revenue potential, including the ability to enable instant-on computers and to replace the memory in devices such as cell phones, MP3 players, digital cameras, and PDAs, as well as applications in the networking arena. NRAM™ can be manufactured for both standalone and embedded memory applications. Nantero is also working with licensees on the development of additional applications of Nantero's core nanotube-based technology. For more information on Nantero, Inc. please visit www.nantero.com or email info@nantero.com

SOURCE Nantero, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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